Higher drug prices ring in the new year for more than 250 pharmaceuticals
Companies including Bristol-Myers Squibb, Gilead Sciences Inc. and Biogen announced price hikes Wednesday
More pharmaceutical companies increased the list prices of more than 50 drugs in the U.S. on Wednesday, according to a new report.
In total the prices on more than 250 pharmaceuticals were increased on New Year’s Day, Reuters reported Wednesday, citing 3 Axis Advisors, a health care research firm.
Bristol-Myers Squibb Co., Gilead Sciences Inc. and Biogen Inc. were among the most recent drugmakers that increased their prices, Reuters reported.
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The news organization had reported on Tuesday that 200 drugs -- from companies including Pfizer Inc., GlaxoSmithKline PLC and Sanofi S.A. -- would increase in price in the U.S. on Jan. 1.
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According to Reuters, most of the price increases were below 10 percent.
The price increases included 10 drugs from Bristol-Myers, including a 6 percent increase on the blood thinner Eliquis and a 1.5 percent increase on Opdivo and Yervoy, which are cancer immunotherapies, Reuters reported.
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Meanwhile, Gilead increased prices on more than 15 pharmaceuticals including two HIV treatments, which were increased less than 5 percent, according to Reuters.
There could be more price increases announced early in the year, the outlet reported.